Analyse on Impact of Uncertain State of World to the Incentive Intensity of Common Agency
Different estimations of principals and agents having different impact on applying common agency theory were inspected, and came to several new conclusions: When two tasks are substitutable, their incentive intensity and substitute degree is negatively correlated; When two tasks are complementary, their incentive intensity and complementary degree is positive correlation; incentive intensity of one principal to agent and the estimation of another principal to state of world is positive correlation; The better two principals have estimations to the state of world, the worse they have incentive to agent. The difference of two principals’ incentive intensities has negative correlation with the difference of the agent’s estimation to the uncertain state of world. And if the incentive intensity is constant, the estimations to the state of world between them are positively related.
Common agency State of world Effort cost
Li Chunhong Wang Xinyong
College of Economics and Administration, Chongqing University, Chongqing, China
国际会议
北京
英文
2007-11-01（万方平台首次上网日期，不代表论文的发表时间）